Industry Background:
Catalyst regeneration is a process to restore the activity of the spent catalysts and make them reusable in the same application or other. Catalyst is widely used in petroleum refineries for purification and reducing Sulphur content in the fuel. The regulations towards emission have increased the demand for low sulfur fuel for vehicles. Further, the end-users are looking towards the regeneration of used or spent catalysts in order to reduce catalyst expense.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Air Products Inc. (United States), Sigma-Aldrich (United States), Porocel Corporation (United States), Clariant AG (Switzerland), Eurecat Group (France), Cormetech (United States), Haldor Topsoe (Denmark), BASF (Germany), Nippon Ketjen (Japan), ECO-RIGEN (Italy) and Shell Global (Netherlands) |
According to AMA, the market for Regenerated Catalyst is expected to register a CAGR of 6.5% during the forecast period to 2027. This growth is primarily driven by Surging Demand of Catalyst Regeneration Process for Multiple Use of Catalyst and Reduce Catalyst Expense and Increasing Use of Catalysts in the Refining and Petrochemical Industry to Upgrade Flow of Petroleum and Residues.
Globally, a noticeable market trend is evident Rapid Development of Advanced Technologies and Methods for Catalyst Regeneration. Major Vendors, such as Air Products Inc. (United States), Sigma-Aldrich (United States), Porocel Corporation (United States), Clariant AG (Switzerland), Eurecat Group (France), Cormetech (United States), Haldor Topsoe (Denmark), BASF (Germany), Nippon Ketjen (Japan), ECO-RIGEN (Italy) and Shell Global (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Evonik acquired Porocel to get access to catalyst rejuvenation technology and accelerate the growth of its catalyst business. Porocel offers technology for highly efficient rejuvenation of desulfurization catalysts, which will expand Evonik’s portfolio and existing business with fixed-bed catalysts.
Market Drivers
- Surging Demand of Catalyst Regeneration Process for Multiple Use of Catalyst and Reduce Catalyst Expense
- Increasing Use of Catalysts in the Refining and Petrochemical Industry to Upgrade Flow of Petroleum and Residues
Market Trend
- Rapid Development of Advanced Technologies and Methods for Catalyst Regeneration
Restraints
- High Energy Consumption in the Catalyst Regeneration Due to Application of Traditional Method
Opportunities
Growing Need for Remove Contaminants and Pollutants from Wastewater to Prevent Pollution
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Regenerated Catalyst Study Sheds Light on
The Regenerated Catalyst Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Regenerated Catalyst industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Regenerated Catalyst industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.